//www.tradingsat.com/conseils-bourse-Orco-Property-Grp-a2725-ORC.html
http://imagerz.com/QENBC0tvAwINVV0cRAVR
10/12/09 11:36
ORCO : Analyse technique modifiée
Les hésitations de ces dernières semaines ont abouti à la formation d’une zone de fluctuation
entre 9.5 et 6.4 euros. Cette figure suggère une indécision de fond. On restera à l’écart en
attendant plus de lisibilité. A titre spéculatif, et à condition de disposer des outils
adéquats, on pourra jouer des allers retour entre les bornes 9.5 et 6.4 euros.
Support : 6.4-5.1-2.7
Résistance : 9.5-12.1-30
API
.............. and this analysis is still valid...
http://www.boursier.com/vals/FR/LU0122624777-cours-orco+property+group.html
Orco to present rescue plan to French court soon - BoD member
February 8, 2010, 9:18 am
Hungarian version Share this
Property group Orco has not left all its problems behind just yet, but it will be able to survive
the hardships it is facing, said Alexis Juan, a member of Orco’s Board of Directors. He told Czech
business daily E15 that the company is working to lift bankruptcy protection and has agreed with the
33 crediting banks on the restructuring of liabilities. The rescue plan is soon to be presented to
the French court in its so-called Safeguard regime (protection from creditors), which includes
settlement with its crediting banks and bondholders.
Czech daily E15 reported that Orco will seek to end the safeguard procedure, quoting the company’s
Board member Alexis Juan. Orco has renegotiated all bank loans and it will propose extending
maturity for its bonds to the Commercial Court in Paris, it said.
Orco will continue to pay interest, but the principal will be paid progressively, with only 26% paid
in the first six years.
The plan proposes a 10-year repayment schedule of 2010 and 2014 bonds (EUR 553 million including
interest), where only 1% of the outstanding amount will be paid back in the first year (EUR 5.5 m)
and the amount will gradually increase over the period. The company has also agreed with 33 banks
that provided project loans to extend the maturity of the debt. (Banks currently hold over EUR 1.1
bn debt towards Orco.)
Juan, ex-CEO of Komercni Banka, who now works as an independent consultant for Orco, also said that
Orco will need to reorganise in order to cut operating costs.
Previously, Juan said Orco had a 50% chance of survival.
